Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1887-07-10
r VIEW.
OTthe Industrial and Financial HlISinsss
of the Country.

of the Country.
From oHr SDacjdl Correspondent.
PHILADELPHIA, PA, July THE first
week Of July opens with exceptionally
brigh; prospects for manufacturers OF iron
audsteel, lumber, textile goods oEall kinds,
manufacturers of building material, rail-
way material, and tor the small shop manu-
facturers throughout the country. The
facts stated Us briefly as possible, aye these:
Consumers of all kinds of merchandise and
manufactured products have, especially
since April lst. been buying ID that
cautious and hand-t0-mouth way which
went To show that they were afraid Of buy
ing more than they could sell. The con-
sequence of this policy in the opening OF
July, is that in nearly all avenues OF acti-
vitv stocks are light, and among jobbers
and retailers there is a scarcity of supplies.
On this account, u good many orders have
been flowing in, and at this time there are
evidences that the month Of July will
bring in u great deal of business to ne exc
cuted during the summer and fall months.
The expectation is that prices in various
branches will harden q little. This adj
vance will be made to make up for the IN
crease in labor, although labor has not
been advanced in all direction.
AMONG THOSE WORKERS
who have received an advance are, the iron
and steel workers of the United States, 10
Der cent: the building trades, the miners
IN several states, and the textile workers IN
a large number of mills. In n great many
directions, no advance whatever y been
made, and in some localities, a . to III per
cent reduction has either been enforced
since June lst. or is now being attempted.
The situation of the wOTkingmen OF the
United States, is on the whole, better than
IT has ever been before. This does not
mean that there are not tens of thousands
barely able TO live in decency; but Their,
il more money paid ont for labor; a greater
volume of manufacturing is done; there is
more building going Oh aud projected, and
the prospects for continued employment At
fair if not high wages, is better than it
ever has been.
30 I1F, LaDOI uEEtliHtlNNNAa ohN htANAd@
their own, although "a few severe defeats
have been suffered. Lecturers are travel
ing and speaking; political movements are
beng encouraged; the worklngmen are
reading and thinking more than ever, and
are in reality, becoming more and more q
power for good, than ever before.
THERE Is ONE DISCOURAGING FEATURE
in the enormou Immigration going on, and
that is, that there is an equalization OF
wages in progress, and an equalization OF
conditions between the wOrkmen OF the
old and new worlds. The a~nticipations OF
better times are Disappointing more fire.
quently now, than ten years ago. There
Is a strong disposition even among labor
organizations, to exercise some sort of con-
troll over the heavy influx of foreign labor
ers who do not seem to be in sympathy
with American ideas and principles.
Some Of the leading newspapers are en-
deayoring TO create the impression that the
country is threatened by 4 inaneial panic;
but the facts so far, ore the reverse. There
Is even no tendency 10 a speculation on &C.
count Of the abundance Of currency. The
legitimate requirements or trade and in
duStry are such as to offer sufficient in
dueement for all floating capital. The
investments in building, mill construction,
railroad work, and in all the leading forms
oil Investment, are remunerative; while, on
the other hand, speculative adventures
have thus far proven disastrous.
OUR REPORTS
from leading industrial and commercial
centres this week, exhibit q rather quiet
trade condition. In q week or ten
Jays, the army Of travelling
agents will start out, and thous-
ands OF buyers will appear in the various
markets between Chicago ard Boston.
Liberal purchases will be made, on account
OF the satisfactory distribution of merchau-
dlse OF all kinds during the second quarter
Of The year, and also because stOrekeepers
AhoJoobers are = little apprehensiYe that